FIX AND FLIP LOAN
Clementon, New Jersey
BEFORE
AFTER
The Numbers Behind the Flip
Loan Amount
$198,230
Purchase Price
$150,000
Construction Budget
$93,350
ARV
$292,000
Timeline
March 2024 - December 2024
Resale Price
$345,000
This deal came to us through a trusted broker we work with frequently, presenting a unique opportunity in New Jersey. The property—a severely outdated and unlivable townhome—was in desperate need of transformation, with vines literally growing in the living room. Our borrower purchased the home for $150,000 and executed a $93,350 renovation plan to bring it back to life. With an initial ARV estimate of $292,000, the investor exceeded expectations, ultimately selling the property for $345,000. This project is a testament to how strategic financing and skilled execution can turn even the most distressed properties into profitable investments.